Kozluk, Tomasz; Banerjee, Anindya; de Bandt, Olivier - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-6, pp. 1-36
The paper discusses the issue of estimating short- and long-run exchange rate pass-through to import prices in euro … the possibility of structural breaks and show how the long run may be restored in the estimation. The main finding is that … allowing for possible breaks around the formation of EMU and the appreciation of the euro starting in 2001 helps restore a long …